Bitcoin has been teasing traders who are unsure where its market is headed next. Bitcoin, the crypto king, has had a fair share of the crypto winter—breaking the hearts of many traders who had bet on the cryptocurrency to bottom at $40k and $30k. At the time of writing, Bitcoin is trading between $20k and $22k — a range it has held since bottoming in June 2022.
Can Bitcoin (BTC) surpass $25k by the end of Q4 2022? Many experts are betting on this. But later, we'll see why they think so. Alternatively, Rocketize, a new meme token economy is set to make a strong move to the moon. Also, Luna Classic, a survivor of the crypto winter, is on the move to the amazement of many traders. We'll learn more about them in this article.
In the early weeks of the fourth quarter of 2022, Bitcoin has been somewhat bullish on what appears to be a trend. While it was uncertain if BTC would maintain this trend as traders remain skeptical about market manipulation from whales who are feared to manipulate Bitcoin's market.
Whales have played a huge role in manipulating Bitcoin's market. For instance, it is reported that Elon Musk, through his company, holds more than $1.5 billion worth of Bitcoin. Many other institutions and pop culture icons have reported their Bitcoin holdings which run into billions. This is enough to shift the Bitcoin market whenever they decide to move their assets.
Sentiments around the Bitcoin market have been neutral since entering the fourth quarter of 2022. Analysts bet that if sentiments (FDI) eventually enter the light "greed" zone, then there is a chance Bitcoin could hit $25k by the end of 2022.
After Terra Luna, a $40 billion cryptocurrency, lost its market value to the crypto winter and some black box incidents, Luna Classic was launched as a contingency plan to keep the vision alive. Luna Classic was simply a fork of the original Luna token which is still in circulation at the time of writing.
Despite the criticism, LUNC has soared to feature in the top 50 cryptocurrency list in a short period. At the time of writing Luna Classic has obtained more than 13,000% increase since its introduction in May 2022 following Terra Luna's disaster.
Luna Classic's staking protocol launch adds to the trend spice—offering more than 30% APY to stakers. LuncStaking_Bot, a LUNC tracker, reports that more than 610 billion LUNC tokens out of the net supply of 6.9 trillion have been staked so far.
Rocketize is a new meme token that wants to uplift the memeverse vision by powering amazing utilities, including a metaverse and NFT marketplace. Activities within Rocketize's metaverse will be powered and maintained by its native cryptocurrency called $JATO.
$JATO is an acronym carved from "Jet-Assisted Take-Off." Rocketize's brand name carefully portrays its token's name—and is set to take traders to their dreamland.
If you're still new to the crypto space, then $JATO is one cryptocurrency you do not want to miss out on. Simply join the presale to stand a chance to earn free rewards upon full launch after IDO.
Presale: http://launch.rocketize.io/register
Website: https://rocketize.io/
Telegram: https://t.me/RocketizeTokenOfficial
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